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SPROTT ASSET MANAGEMENT LP
> KGN
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2011 | Galiano Gold Inc. | KGN | 617,900 | 455,000 | 3,112,000 | 1,849,000 | $5.04 |
| 06/30/2011 | Galiano Gold Inc. | KGN | 162,900 | -140,000 | 1,263,000 | -1,377,000 | $7.75 |
| 03/31/2011 | Galiano Gold Inc. | KGN | 302,900 | -259,000 | 2,640,000 | -2,332,000 | $8.72 |
| 12/31/2010 | Galiano Gold Inc. | KGN | 561,900 | -551,300 | 4,972,000 | -3,499,000 | $8.85 |
| 09/30/2010 | Galiano Gold Inc. | KGN | 1,113,200 | -140,800 | 8,471,000 | 1,804,000 | $7.61 |
| 06/30/2010 | Galiano Gold Inc. | KGN | 1,254,000 | -345,000 | 6,667,000 | -2,919,000 | $5.32 |
| 03/31/2010 | Galiano Gold Inc. | KGN | 1,599,000 | -1,619,700 | 9,586,000 | -10,718,000 | $5.99 |
| 12/31/2009 | Galiano Gold Inc. | KGN | 3,218,700 | 129,000 | 20,304,000 | 9,367,000 | $6.31 |
| 09/30/2009 | Galiano Gold Inc. | KGN | 3,089,700 | -290,000 | 10,937,000 | 1,434,000 | $3.54 |
| 06/30/2009 | Galiano Gold Inc. | KGN | 3,379,700 | 875,000 | 9,503,000 | 3,982,000 | $2.81 |
| 03/31/2009 | Galiano Gold Inc. | KGN | 2,504,700 | 529,700 | 5,521,000 | 1,809,000 | $2.20 |
| 09/30/2008 | Galiano Gold Inc. | KGN | 1,975,000 | 1,975,000 | 3,712,000 | 3,712,000 | $1.88 |
| 06/30/2008 | Galiano Gold Inc. | KGN | 1,975,000 | 1,975,000 | 6,740,000 | 6,740,000 | $3.41 |
| 03/31/2008 | Galiano Gold Inc. | KGN | 1,975,000 | 1,975,000 | 9,428,000 | 9,428,000 | $4.77 |
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